Functions
of the price system in a market economy; role of
households and business firms in mobilizing resources
to meet human needs. The functional and personal
distribution and use of income. Relevant problems
are discussed. Core Course.

ECO 216

Principles
of Macroeconomics

3 cr

Economics
as a science; its nature and functions. Analysis
of the American economy from the macroeconomic
viewpoint, stressing full employment, monetary
and fiscal policy, national income accounting,
and their application to current problems and
issues. Core Course.

ECO 300

Introduction
to Economics

3 cr

Intensive
study of micro- and macroeconomic principles with
emphasis on application to current economic issues
and problems of interest to public school teachers
and students. Prerequisite: for non-business majors.

ECO 315

Intermediate
Microeconomics

3 cr

Operation
of the price system, with special reference to a
market economy and to related public policies and
business issues; analysis of the distribution of
income; theories of consumer behavior, the firm,
resource allocation, and product distribution. Prerequisite:
ECO 215 or ECO 300 for
non-business majors.

ECO 316

Intermediate
Macroeconomics

3 cr

The
nature and control of forces in a developed economy
that determine levels of employment, income and
use of resources, and rate and direction of economic
growth. Prerequisite: ECO 216
or ECO 300 for non-business majors.

ECO 318

Principles
of Managerial Economics

3 cr

Study
of economic principles and methods in analyzing
problems faced by management of a business or
other type of organization; application of economic
concepts to finding solutions of such problems
that advance the best interest of such organizations.
Prerequisite: ECO 215 or ECO 300 for non-business
majors.

ECO 322

Industrial
Structure and Public Policy

3 cr

An
analysis of the effect of modern industrial structure
on competitive behavior and performance, in the
light of contemporary price theory and the theory
of workable competition; a critical evaluation
of the legislative content, judicial interpretation,
and economic effects of antitrust laws, current
problems and proposed remedies. Prerequisite:
ECO 215 or ECO 300 for non-business majors.

ECO 323

Public
Finance

3 cr

The
nature, purposes, and economic effects of various
types of taxes in a federal government. Problems
of tax administration, budgeting, and expenditure
of tax revenues. Review of current problems. Prerequisite:
ECO 215 or ECO 300 for non-business majors.

ECO 330

Current
Global Economic Issues

3 cr

Application
of standard economic theory of markets to analyze
major issues confronting U.S. consumers and businesses
in the global economy. Topics include comparative
advantage, commercial policy and protectionism,
currency markets and foreign exchange rates, economic
integration and free trade areas, international
trade accounting, and financial aspects of international
trade. Prerequisite: ECO 215 or ECO 300 for non-business
majors.

ECO 343

Labor
Economics

3 cr

United
States population analyzed by age, sex, and other
characteristics; study of the labor force and
its composition; unemployment and underemployment.
Education as an investment in productive resources.
Economics of leisure, health, housing, recreation,
and other areas of human-resource development.
Prerequisite: ECO 215 or ECO 300 for non-business majors.

ECO 363

International
Economics

3 cr

Modern
international trade theory; the balance of payments
and adjustment processes; the evolution of international
economic institutions; critical analysis of current
international economic policies - trade, monetary,
and regional economics organizations. Prerequisite:
ECO 215 or ECO 216 or ECO 300 for non-business
majors.

ECO 383

Economic
History of the United States

3 cr

The
evolution of the modern United States economic
system. The parts played by exploitation of natural
resources, investment from abroad, financial institutions,
and technology in arriving at the present economic
situation. Critical analysis of development just
before, during and after World War II, and of
current economic problems. Prerequisites:
ECO 215 and ECO 216,
or ECO 300 for non-business majors.

ECO 490

Special
Topics

3 cr

Designed
to provide senior students an opportunity to study
selected topics of particular interest. Prerequisite:
Approval of department
chair.

ECO 491

History
of Economic Thought (W)

3 cr

Economic
ideas from the Greeks to present, with intensive
study of the classical, neoclassical, and contemporary
schools of economic thought. Prerequisites: EH 102 with a minimum grade of "C" and ECO 215
or ECO 300 for non-business majors.

ECO 494

Directed
Study in Economics

3 cr

Reading
and research on selected economic topics under
guidance of the departmental faculty. Credit and
prerequisites vary with the nature and magnitude
of individual projects. Prerequisites: Junior
or senior standing, a cumulative GPA of 2.5 or
better, and approval of the department chair following
the evaluation of a written proposal.

ECO 496

Economics
Internship

3 cr

The
internship program is designed to give students
practical experience in their field of study.
Students complete directed projects under the supervision
of Department Chair. No more than threehours of internship credit may be counted toward a degree
in the Mitchell College of Business. Prerequisites:
Junior or Senior standing, declared major in Finance, overall GPA of
at least 2.5, and Internship Agreement signed by Department Chair.

ECO 506

Economic Theory

3 cr

An introduction to economic theory, including the basic theory of the market (supply and demand); elasticity; introduction to market structure; trade theory; international trade and balance of payments; national income accounting; money and the banking system; macroeconomic theories, and macroeconomic stabilization policy.

ECO 507

Topics in Managerial Economics

3 cr

Selected topics in application of economic theory to managerial decisions including production and cost functions; forecasting; international trade and protectionism; exchange rates and international finance; economic integration; basic game theory; and capital budgeting.

ECO 590

Special
Topics

3 cr

Designed
to provide graduate students an opportunity to
study selected topics. (A student may count no
more than 3 hours
of Special Topics in the M.B.A. degree program).
Prerequisite: Approval
of department chair.

ECO 594

Independent
Study in Economics

3 cr

Readings
and research on selected topics. Conferences and
formal research report required. Prerequisite:
Approval of department
chair.